Metasports Interactive Secures $20 Million for Global Expansion of Hitwicket Game
Metasports Interactive raises $20 million to fund user acquisition
Business StandardImage: Business Standard
Metasports Interactive, a gaming company based in India, has raised $20 million from Metica to enhance user acquisition for its multi-player cricket game, Hitwicket. This funding aims to accelerate its global expansion, targeting a user base growth to over 18 million across 109 countries.
- 01Metasports Interactive raised $20 million for user acquisition.
- 02The funding will support the global expansion of its cricket game, Hitwicket.
- 03The company aims for an eight-fold growth in users over the next 18 months.
- 04Hitwicket has over 18 million users since its launch in 2020.
- 05Metica's partnership will optimize revenue performance for Hitwicket.
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Metasports Interactive, an Indian gaming company, has successfully secured $20 million in funding from London-based Metica to boost user acquisition for its popular multi-player cricket game, Hitwicket. This strategic investment is aimed at accelerating the company's global expansion efforts, with a goal of reaching over 18 million users across 109 countries. Co-founder and CEO Kashyap Reddy emphasized the ambition to connect with over a billion cricket fans worldwide and establish a leading gaming business from India. The funding will not only enhance marketing efforts but also support a technology partnership with Metica to improve revenue performance and strengthen unit economics. Metasports Interactive has previously raised $8 million from Prime Venture Partners and Horizon Ventures (Singapore) and is backed by cricket commentator Harsha Bhogle. The company is targeting an eight-fold increase in its user base over the next 18 months, following Hitwicket's launch in 2020.
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This funding will enable Metasports Interactive to enhance its marketing strategies and expand its user base, potentially creating more jobs in the gaming sector and increasing revenue for the company.
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